Facebook Launching Libra Blockchain Testnet Backed by Libra Reserve Next Week

Coinspeaker
Facebook Launching Libra Blockchain Testnet Backed by Libra Reserve Next Week

Everybody is now pretty excited about Facebook’s cryptocurrency project. After all, it took more than a year in the making and now it should finally will be unveiled next week.

With its partners, will introduce the Association, based in Geneva, which will oversee , “a simple currency and financial infrastructure” meant to reach billions of people.

The report claims to have seen an unspecified blog post published on Facebook, in whisch is said that the Libra asset will be hosted on the dedicated Libra Blockchain and backed by the Libra Reserve. The Libra Reserve is allegedly a store of real assets that should supposedly grant the token “stability, low inflation, global acceptance, and fungibility.”

The report also notes that the software underlying the network will be open-sourced under the Apache 2.0 license. It seems that the company has high hopes in the system that should be helping people without access to the financial system.

However, it’s interesting to know that this blog post, was sent to major publications over the course of the last week in conjunction with detailed briefings but was not sent to any of a major crypto publication. The Block, as they explained, got it from several sources, who requested anonymity for fear of reprisal.

Allegedly, it wasn’t shared with any cryptocurrency publications under an embargo by Facebook, according to sources who say the firm didn’t want to work with such outlets. Facebook however denied that it wasn’t planning on working with such firms.

In the post, Facebook, as expected, criticizes existing blockchains, saying they have yet to reach mainstream adoption and making them poor solutions as a store of value and medium of exchange. Facebook believes that its collaborative, compliant and regulated approach will help it overcome hurdles faced by other cryptocurrencies.

People are being pretty much sceptic looking at the Facebook finding it a threat to US Dollar, that will bypass banks. To start – Visa, Mastercard, PayPal, Uber – each of these companies are reportedly spending $10 million each on nodes to govern the .

Sarah Jamie Lewis, an executive director at the Open Privacy Research Society recently tweeted:

Enterpreneur Charlie Shrem tweeted:

Be it as it may, it remains unanswered how will crypto companies fight for survival. Will they start to cooperate, allocating resources to have clear unified industry messages, or this is just another typical example of a Prisoners’ Dilemma, it’s for us to see – starting June18.

Facebook Launching Libra Blockchain Testnet Backed by Libra Reserve Next Week


Source: coinspeaker
Facebook Launching Libra Blockchain Testnet Backed by Libra Reserve Next Week

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Bitcoin Above $9.3k: BTC Price Records A 13-Month High

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is all over the latest cryptocurrency news today for recording another surge which put it at a 13-month high. The Bitcoin $9.3k situation was present for a couple of hours before the most dominant cryptocurrency corrected. At press time, Bitcoin is trading at $9,113 with a $161 billion market cap and a dominance of 57.2%.

It all started when the leading cryptocurrency by market capitalization rose to $9,381 at 05:55 UTC which is the highest we have seen since May 10 last year (2018) as the Bitcoin Index shows.

In fact, the Bitcoin above $9.3k situation has not been seen for some time now as BTC was trading in the $8,000 zone most of this week. As soon as BTC changed hands with the $9,400 mark, it corrected to $9,250 and then to the current price of above $9,100.

As many best cryptocurrency news sites note, more than $19 billion worth of Bitcoin has been traded across exchanges in the last 24 hours, Messari data shows. Meanwhile, some of the major exchanges included in the calculation of Bitwise’s “real” BTC trading volume are reporting the 24-hour volume figure to be at $867,697,751.

With this price rise, Bitcoin’s dominance rate (or share of the total cryptocurrency market) has also surged. The Bitcoin above $9.3k is a price level which is great for the most dominant cryptocurrency – and boding well for the market in general.

In the coming altcoin news, we can see that Bitcoin has initiated a positive trend. Right now, Litecoin (LTC) is up by 2.3% as well as Ether, XRP and Bitcoin Cash which were all up 4% according to data from CoinMarketCap.

Meanwhile, EOS remains the best performing top 10 altcoin in the past 24 hours. It managed to add 7.4% gains overnight. Still, on a seven day basis, Litecoin is leading with its surge of 18.29%, closely followed by BTC which recorded a 17.20% growth on a weekly basis.

Looking forward, the Bitcoin above $9.3k is a scenario that could finally lead the cryptocurrency to the $10,000 resistance level. A lot of technical studies back this possibility and the 50 and 100 candle moving averages also look set to produce a bullish crossover.

With a 13-month high, Bitcoin has managed to retrace by around 38.2% from the December 2017 sell off.

The post Bitcoin Above $9.3k: BTC Price Records A 13-Month High appeared first on DC Forecasts – Leading Digital Currencies.


Source: dcforecasts
Bitcoin Above .3k: BTC Price Records A 13-Month High

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WAVES Price Prediction: Long-term (WAVES) Value Forecast – June 16

/USD market has now seemingly set to succumb to more bears’ force than the bulls’. Joining the /USD market in its current ranging mote isn’t that technically ideal. /USD Long-term Trend – Ranging Distribution territories: $3.50, $4, $4.50 Accumulation territories: $1.50, $1, $0.50 /USD market valuation still moves around a range trading spot that […]
Source: bitcoinexchangeguide
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Coinbase Custody Has $1.3bn In Assets Under Custody

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Many best cryptocurrency news sites came with shocking reports about – showing that the company holds around $1.3 billion in assets under (AUC). Moreover, the firm expects to hit $2 billion AUC very soon, as a Twitter thread published a few days ago noted.

The series of tweets from the official Coinbase Custody Twitter account reported that the company’s CEO, Sam McIngvale, along with the chief information security officer, Philip Martin, both visited the United Kingdom. The purpose of the visit, as the altcoin news show, was reportedly “a discussion on the institutional cryptoeconomy with a range of prospects and clients.”

During the meeting, the representatives from Coinbase Custody argued that while many believe that there are no institutional grade offerings in the cryptocurrency space, Coinbase Custody is in face one of those offerings. The firm’s representatives said that the company is insured, regulated and a secure custodian.

“We have $1.3bn AUC and expect to hit $2bn soon. We have no intention of stopping there. […] Coinbase Custody services over 90 clients. Of those, approximately 40% are outside of the US.”

The tweet also claims that – as cryptocurrencies mature and become an even more popular and dominant asset class- financial hubs such as the city of London are becoming centers for innovation.

Another tweet notes:

“1/ Last week Coinbase Custody CEO and Coinbase CISO visited the UK to discuss the institutional cryptoeconomy with a range of prospects and clients.”

A month ago, during one on-stage discussion at Consensus, the CEO of Coinbase Brian Armstrong said that its custody service had already raked $1 billion in assets under management (AUM). Having that in mind and the latest cryptocurrency news showing that this number went to $1.3 billion – it is certain that the custodial branch of the exchange is soon going to hit the $2 billion mark.

Meanwhile, as we reported in March this year, the US Securities and Exchange Commission (SEC) is soliciting industry input as it potentially reconsiders the existing custody rules in specific cases of digital asset trading as well as settlement.

Aside from Coinbase Custody and its London presence, the Hong Kong-based trading and asset management firm BC Group also announced that it is an insured custody service for cryptocurrencies.

The post Coinbase Custody Has $1.3bn In Assets Under Custody appeared first on DC Forecasts – Leading Digital Currencies.


Source: dcforecasts
Coinbase Custody Has .3bn In Assets Under Custody

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Accept Direct Crypto Payments Using the Rocketr Gateway

Accept Direct Crypto Payments Using the Rocketr Gateway

It’s in the best interest of businesses to offer their customers a variety of payment options. Cryptocurrencies can undoubtedly bring more buyers and many merchants have introduced support for digital assets. A platform called Rocketr helps merchants payments in , including cash.

Also read: Piixpay Lets You Pay Bills and Invoices With Cryptocurrency

Payment Platform Supports Traditional and Crypto Options

Rocketr is a payment gateway that allows merchants to integrate a variety of payment methods including traditional options like credit cards and Paypal, but it has also been supportive of cryptocurrencies such as bitcoin cash (BCH). Its services are offered for a relatively low fee of 0.5% on all transactions and there are no other hidden charges for setup or maintenance.

The Rocketr Payments platform lets you accept all kinds of payments and invoice clients directly from a single dashboard. Its API provides you with the opportunity to customize checkouts and it allows for webhooks and instant payment notification. These features notify your Rocketr application when an order is completed.

Accept Direct Crypto Payments Using the Rocketr Gateway

Companies can also use a product called Storefront which is a complete e-commerce platform. It is designed to satisfy the needs of online businesses specializing in sales and delivery of products and services in the digital space. Many of its integrated features, such as the built-in messaging system and livechat support, are offered free of charge.

Rocketr has also developed a POS application that supports multiple cryptocurrencies including BCH. It lets you accept payments in several other major digital coins like BTC, ETH and LTC as well as fiat currencies such as USD, EUR and GBP. The software, which is available in Apple’s App Store, comes with many useful features, one of which lets customers add a tip to their bills.

If you want to process BCH payments you can also check out the Bitcoin Cash Register app for both iOS and Android devices. The simple Point of Sale software developed by Bitcoin.com allows merchants to accept electronic cash at any retail location. Payments are easy, safe and no account or registration is needed to install and use it.

What other applications for direct crypto payments would you recommend? Let us know in the comments section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to third party companies or any of their affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any third party content, goods or services mentioned in this article.


Images courtesy of Shutterstock.


Do you need a reliable Bitcoin mobile wallet to send, receive, and store your coins? Download one for free from us and then head to our Purchase Bitcoin page where you can quickly buy BCH and BTC with a credit card.

The post Accept Direct Crypto Payments Using the Rocketr Gateway appeared first on Bitcoin News.


Source: bitcoin.com
Accept Direct Crypto Payments Using the Rocketr Gateway

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’s jump into the cryptocurrency space was a piece of news that sent shockwaves throughout the Fintech industry. Ever since its reveal, ’s sparked a debate between its supporters and critics on whether the cryptocurrency would be a boon or a bane for the mass adoption of digital assets. The latest supporter of […]
Source: bitcoinwarrior
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Facebook To Launch ‘Libra Association’ And Testnet Next Week: Report

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The social media giant is in the latest cryptocurrency news. According to a report shared by The Block on June 14, there is a possibility for Facebook to Association’ and its testnet on June 18.

The report also shows that Facebook and dozens of its partners will unveil the Libra Association – based out of Geneva and being the entity that oversees the company’s Libra cryptocurrency project. During this event, the company is also expected to launch the blockchain testnet.

“The Libra Blockchain will be open-sourced under an Apache 2.0 License as of the day of the announcement, expected to occur on Tuesday, June 18, according to the blog post by the social-media giant and as originally reported by TechCrunch,” the blog post noted.

The Block also claims to have seen a non-specified blog post from Facebook appearing in the coming altcoin news. According to that post, the Libra asset will be hosted on the dedicated Libra Blockchain and will be backed by the Libra Reserve. While news predict Facebook to launch the long-awaited cryptocurrency project, the Libra Reserve is seen as a store of real assets which should supposedly grant the token “stability, low inflation, acceptance, and fungibility.”

The Block also notes that the software that underlies the network will be open sourced under the Apache 2.0 license. According to the report which features Facebook to launch its new crypto project, the social media giant believes that the system will help people without access to the financial system. As many best cryptocurrency news sites noted, the company also declared that it wants to focus on regulatory compliance.

“Collaborating and innovating with the financial sector, including regulators and experts across a variety of industries, is the only way to ensure a sustainable, secure, and trusted framework underpins this new system.”

As many crypto currency news sites also reported this month, many sources were already expecting Facebook to launch its cryptocurrency on June 18 – and The Block is not the only one.

Meanwhile, the other altcoin news show that Facebook has already sealed backing from big players in many industries, including the names of Visa, PayPal, Uber and MasterCard for its soon to be live cryptocurrency project. According to those reports, each firms reportedly added $10 million to the Facebook crypto project.

The post Facebook To Launch ‘Libra Association’ And Testnet Next Week: Report appeared first on DC Forecasts – Leading Digital Currencies.


Source: dcforecasts
Facebook To Launch ‘Libra Association’ And Testnet Next Week: Report

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